Looking Into Spirit Airlines's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Spirit Airlines (NYSE:SAVE) has seen a 4.51% increase in its short percent of float, now at 26.41%. This indicates a bearish sentiment among investors, as it would take 7.17 days to cover these short positions. Spirit Airlines' short interest is significantly higher than its peers, whose average is 9.82%.
June 18, 2024 | 5:30 pm
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Spirit Airlines has experienced a 4.51% increase in short interest, now at 26.41% of its float. This suggests a bearish sentiment among investors, as it would take 7.17 days to cover these short positions. The company's short interest is significantly higher than its peers' average of 9.82%.
The significant increase in short interest indicates a bearish sentiment among investors. The high percentage of shares sold short compared to peers suggests that investors are particularly pessimistic about Spirit Airlines' near-term prospects.
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